Iran War To End 'Soon' Says Trump, Oil Prices Tumble As Stocks Gain | Bloomberg Daybreak: US Edition

Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager — And I'm John Tucker. Here are the stories we're following today.

All right, John. Thank you. The war with Iran is now into its 11th day, but President Trump is signaling it could be over very soon.

At a news conference from his resort in Dal, Florida, the president said the conflict might not end this week, but it is going ahead of schedule. doing really well. I mean, at a level that nobody thought.

We took a little excursion because we felt we had to do that to get rid of some evil. And uh I think you'll see it's going to be a short-term excursion.

President Trump says the US has hit 5,000 targets in Iran. He says its military capacity is down to 10% and drone launches have decreased 83%. He's promising to bring oil prices down that he says have gone artificially up because of the excursion. We get more from Bloomberg's Jumanna Bureti in Dubai.

Clearly, what has happened here is he is responding to global markets and the impact that the energy shock is beginning to have on some of these global energy markets and obviously ultimately the US consumer here. And he also made another very strong threat to the IRGC saying that if they continue to block oil transportation through the straits, they will be hit by the United States 20 times harder than they have been hit thus far. Linberg's Jamaichi reports.

The president says he's discussed waving some oil related sanctions in a call with Russian President Vladimir Putin and he's considering other options to bring oil and gas prices down, including releases from emergency stockpiles and a pause on federal gas taxes. In the meantime, blasts continue to be heard across Iran, Saudi Arabia, and Bahrain have been dealing with incoming projectiles overnight.